$BABA TOP 20
Added 2024-08-06 14:33:16 +0000 UTCWhether you have accepted it or not, $BABA has not declined over the last month it is exactly at the same price it was at on the 11th of July.
It did not drop 10-15% with the US market or -40% with some Mega Caps like $NVDA, it has held its level, so although it has not made its move yet higher (as it has not reported it earnings) it is holding and conserving our capital.
Silver too has been doing its job as a safe haven, we first added Silver with 20% of our Cash position in March at $24, it has climbed rapidly after that and still above it now at $27, why buy safe havens to conserve our capital, not for us to lose money and they have been doing their job.
$BABA is above its 50 Day MA, its 200 Day MA and its wedge line now at $78, I would like to see it hold above its red line now at $78 and turn this into a strong support level and then I am happy.
